Current Use by Public Records
- Retail properties & Spaces
Property Details for 811 Franklin Ave
- Year built
- 1998
- Lot size
- 0.74 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional value-add opportunity presents a 8,125-square-foot vacant storefront located at 811 E Franklin Ave, Sesser, IL 62884. Formerly occupied by Dollar General, this single-story building, constructed in 1998, sits on a 0.74-acre lot and boasts 28 parking spaces. The property features a recently installed new roof and is situated on a main retail corridor, benefiting from high visibility and proximity to other established businesses including a new Dollar General location, demonstrating the area's strong retail potential. Neighboring businesses include Anchor Grille, Jeffrey Minor Dentistry, and Debutante Beauty Salon. The property's strategic location near Rend Lake and Rend Lake College (enrollment 2,017 students in 2022-2023) ensures consistent traffic and a diverse customer base. The asking price is $250,000, representing $30.77 per square foot. The property is zoned commercial and offers significant potential for lease income generation exceeding current market rates. The building's excellent condition and prime location make it an ideal investment for savvy buyers seeking a strong return on investment. The property is offered fee simple with APN 0113283004. The previous tenant, Dollar General, occupied the space for an extended period, renewing their lease multiple times before relocating to a larger space nearby, highlighting the area's retail viability.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sesser
- County
- Franklin
- State
- Illinois
- Longitude
- -89.0404
- Latitude
- 38.0913
